Government Schools: Public Good or Public Bad?

Public goods, as the term is used by professional economists, are both nonexcludable and nonrivalrous. The typical school is an enclosed building with classrooms, which have doors. Those outside the door do not learn from or benefit from that class, except indirectly. This education is therefore an excludable good. Contrast this with a radio broadcast… Continue reading Government Schools: Public Good or Public Bad?

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